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Articles from Retirement

Stockland acquires stake in FKP

Stockland has acquired a 5% stake in FKP stapled securities via a share placement and will acquire a stake of up to around 13% through the partial sub-underwriting of a rights issue.

RSL Care for Caravonica

According to Favero Property Corp selling agent, David Favero, the property at Fig Tree Drive was sold on behalf of Tom Hedley’s Hedley Leisure and Gaming Property Services Limited to RSL Care for $8 million.

Not-for-profit aged care provider RSL Care has purchased a 32.97 ha development site in Caravonica, Queensland, in a sale that was negotiated by Favero Property Corp.

Ravida’s retirement Renaissance

Located on Riversdale Road, the $28 million retirement complex has been designed by JAM Architects and is to be developed, constructed and managed by the Ravida Group.Located on Riversdale Road, the $28 million retirement complex has been designed by JAM Architects and is to be developed, constructed and managed by the Ravida Group.

Luxury development firm, the Ravida Group, has launched its retirement division ‘Renaissance Living’ and is moving ahead with plans for its first project in Surrey Hills, Victoria.

Becton rises to challenging year

Becton Property Group has released its results for the financial year, which have been described as solid given the persistent challenging economic conditions.

Aspen Group records strong result

Aspen Group has presented its full year financial result for 2008, highlighting a record underlying net profit from strong earnings through multiple revenue streams in property, funds management and investments.

RSL sells land for tower

Plans are being drawn up for a $220 million, 36-level tower for independent living at Southport, following the purchase of site adjacent to Southport RSL by City Plan Partners, one of Korea’s major development groups.

The purchase of a Gold Coast CBD property by a Korean development group is to eventually lead to the construction of a residential tower to be primarily used by retirees.

Stockland delivers despite dire conditions

Despite challenging market conditions, Stockland has announced that it has achieved its FY08 earnings guidance by delivering record profits and earnings per security.

Retirement village investment hotspots

Jones Lang LaSalle has identified emerging major retirement village 'hotspots' amidst an increase in investments in retirement village developments around Australia.

MCD brings project back from brink

Owned by The Elms Retirement Group, the project was revived in May 2007 by national project management company MCD Australia following construction delays and disruptions.

MCD Australia has completed and officially opened Stage 3 of The Elms Village at Kilmore, a new retirement living project.

Grey Diamonds in the rough

According to Colliers International Townville Research, Townsville is a regional retirement growth centre that is quickly reversing the past trend of making money and moving south, attracting the next wave of retirees, dubbed the 'Grey Diamonds'.

Scope for development at Bundoora

With a land area of 13,530 sqm, the property at 90 Settlement Road, Bundoora, is being offered to conclude an estate realisation after being held by the vendor family for almost two decades.

A development site in Bundoora, Victoria, holding a planning permit and further potential for an intensive development, is being offered for sale on an Expressions of Interest basis.

Aspen masterplan receives council approval

The Whitsunday Shire Council has approved the $700 million Whitsunday Shores development’s new masterplan, thereby allowing developers Aspen Living to make improvements to the golf course and residential home sites.

Construction industry showing pessimism

According to the latest Construction Sentiment Monitor published by property and construction consultants Davis Langdon, building industry confidence is starting to be affected by skills shortages, rising costs and the credit squeeze.

Youngcare recieves Devine donation

The money’s source was the Lady Lord Mayoress 2008 Australia Day auction, where a Devine-home at Redbank Plains was auctioned for charity with the help of the Lord Mayor’s Community Trust, raising more than $500,000.

Queensland developer Devine Limited has pledged $100,000 over two years to local charity Youngcare to help it provide young people requiring full-time nursing care with accommodation.

Historic home to come to school

As part of the preliminary site works for its proposed $80 million Palmer Street apartment building, Laing O’Rourke has lodged an application to remove and relocate the historic home at 45 Palmer Street, which is part of the Townsville Heritage Trail and is thought to be one of the oldest properties in South Townsville, dating back to the 1880s.

William Ross High School in Townsville is set to benefit from corporate largesse brought on by the city’s development boom, with Laing O’Rourke planning to relocate a historic home to the school for student use.

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